Monday , December 9 2019
Home / Epsilon Theory / The Age of the High-Functioning Sociopath

The Age of the High-Functioning Sociopath

Summary:
To receive a free full-text email of The Zeitgeist whenever we publish to the website, please sign up here. You’ll get two or three of these emails every week, and your email will not be shared with anyone. Ever. I’m old enough to remember when Donald Trump, the President-elect of the United States, and Masayoshi Son, CEO of Softbank, had an impromptu press conference in the Trump Tower lobby to trumpet the FIFTY THOUSAND JOBS and FIFTY BILLION DOLLAR INVESTMENT that Softbank would be bringing to the US. As the articles covering this “incredible and historic” meeting pointed out, “Mr. Trump took credit for the investment, saying his November victory spurred SoftBank’s decision.” Masayoshi Son, the brash billionaire who controls Sprint Corp., said Tuesday he

Topics:
Ben Hunt considers the following as important:

This could be interesting, too:

Ben Hunt writes Presented Without Comment

Rusty Guinn writes Our Dumb World

Ben Hunt writes The Rent Is Too Damn Low

Ben Hunt writes OK, Boomer


To receive a free full-text email of The Zeitgeist whenever we publish to the website, please sign up here. You’ll get two or three of these emails every week, and your email will not be shared with anyone. Ever.


The Age of the High-Functioning Sociopath

I’m old enough to remember when Donald Trump, the President-elect of the United States, and Masayoshi Son, CEO of Softbank, had an impromptu press conference in the Trump Tower lobby to trumpet the FIFTY THOUSAND JOBS and FIFTY BILLION DOLLAR INVESTMENT that Softbank would be bringing to the US.

As the articles covering this “incredible and historic” meeting pointed out, “Mr. Trump took credit for the investment, saying his November victory spurred SoftBank’s decision.”


Masayoshi Son, the brash billionaire who controls Sprint Corp., said Tuesday he would invest $50 billion in the U.S. and create 50,000 new jobs, following a 45-minute private meeting with President-elect Donald Trump.

The telecom mogul, who made his fortune in Japan with SoftBank GroupCorp., announced his investment plans in the lobby of Trump Tower, though he didn’t provide details. Mr. Trump took credit for the investment, saying his November victory spurred SoftBank’s decision.


The focal point of Son’s meeting with Trump was a three or four slide powerpoint deck that they both initialed. I have no idea what it means to say “$50bn + $7bn” and “50k + 50k new jobs”, but what the hell.

The Age of the High-Functioning Sociopath

I thought about that Trump Tower deck when I saw the most recent Softbank and Vision Fund investor deck, presented in the aftermath of the WeWork IPO debacle and Softbank’s subsequent refinancing of the company.

That deck, apparently meant to “reassure” investors, was chock-full of slides like the ones I’m going to present without comment below. Honestly, when I first saw these slides on social media, I was certain that they were photoshopped. I was certain they were a put-on.

They’re not.

At some point, I expect this deck will be lost to the sands of time, so to preserve it for posterity I’ve saved a copy on our servers. You can download the Softbank Investor Deck here, if you like.

The Age of the High-Functioning Sociopath
The Age of the High-Functioning Sociopath
The Age of the High-Functioning Sociopath
The Age of the High-Functioning Sociopath
The Age of the High-Functioning Sociopath
The Age of the High-Functioning Sociopath

In the immortal words of transcendentalist poet Walt Whitman,

You just can’t make this shit up.

Haha, JK. Walt Whitman never said that.

But then again … maybe he did! How do you know for sure he didn’t? Maybe he muttered it to himself after a series of fishing mishaps out there on Walden Pond.

What’s that you say? … it was Thoreau who lived on Walden Pond, not Whitman? Are you sure about that, friend? Are you sure that Walt Whitman never visited Henry Thoreau and went fishing and lost a couple of hooks and said this?

Because lots of people are saying that it’s possible he did.

Because apparently I can say ANYTHING in an SEC-compliant investor presentation if I just put some 3-point font disclaimers at the bottom of a slide and say it’s possible.

Why should we play by the rules when raccoons like Donald Trump and Masayoshi Son not only break them with impunity and ludicrous intent, but are celebrated and made rich for breaking them?

Why should we care about anything when nothing matters?

Because you’re not a sociopath.

Because you care about your Pack.

Yes, this is the Age of the High-Functioning Sociopath. Yes, this is the Age of Sheep Logic. Yes, this the age where scale and mass distribution are ends in themselves, where the supercilious State knows what’s best for you and your family, where communication policy and fiat news shout down authenticity, where rapacious, know-nothing narcissism is celebrated as leadership even as civility, expertise, and service are mocked as cuckery.

Stipulated. What, did you think this was going to be easy?

These clowns don’t deserve us. And it will take decades of a persistent, bottom-up social movement that rejects and negs and ridicules them … ALL OF THEM … before we have the opportunity to reclaim our world.

The Age of the High-Functioning Sociopath will never change on a single point of failure like an election. Or a “suicide”. Or an impeachment. Or a busted IPO.

But a MILLION points of failure? A MILLION points of rejection and negging and ridicule?

Yeah, that can work.

So let’s get started.


About Ben Hunt
Ben Hunt
He is the chief investment strategist at Salient, a $14 billion asset manager based in Houston and San Francisco, and the author of Epsilon Theory, a newsletter and website that examines markets through the lenses of game theory and history. Over 100,000 professional investors and allocators read Epsilon Theory for its fresh perspective into market dynamics.

Leave a Reply

Your email address will not be published. Required fields are marked *